Tax Planning
tax saving strategies
At M Bloomberg Professional Corporation, we offer tailored tax planning strategies designed to help businesses and individuals in Ontario maximize their tax savings and ensure compliance with provincial and federal tax regulations.
minimize your taxes throughout the year
Our tax planning strategies include:
Income Splitting
We help you explore legal income-splitting techniques, such as family trusts or spousal loans, to reduce overall tax burdens within your household or business.
Utilizing Tax Credits and Deductions
We ensure you take full advantage of available tax credits and deductions, such as the Ontario Innovation Tax Credit, small business tax deductions, and charitable donation credits, to reduce taxable income.
Incorporation and Structuring
For businesses, we offer advice on the optimal business structure, whether through incorporation or reorganizing, to minimize corporate tax rates and take advantage of lower small business tax rates.
Capital Gains Optimization
We develop strategies to defer or reduce capital gains tax, such as utilizing the lifetime capital gains exemption (LCGE) for qualifying small business shares or other investment planning.
Tax Deferral and Retirement Planning
We help individuals and business owners defer taxes through Registered Retirement Savings Plans (RRSPs), Tax-Free Savings Accounts (TFSAs), and other tax-efficient retirement planning strategies.
Succession and Estate Planning
Our expert team assists with estate planning to minimize taxes on the transfer of wealth, ensuring smooth business succession and maximizing the after-tax value of assets passed on to heirs.
By working closely with clients,
we provide personalized tax planning strategies that help reduce liabilities, optimize savings, and enhance long-term financial security.
Feel free to call us at 905-474-0303 or contact us by email for more information.
